Here are some key considerations at different stages of life, along with common life insurance myths and why life insurance can be a valuable part of your financial strategy throughout each one.
To secure the appropriate amount of coverage for you and your family, it's vital to consider buying a supplemental or individual life insurance policy. Here’s why.
Selecting life insurance that fits your needs may require some homework, but understanding the different types of life insurance is a good place to start.
In the early stages of life, a term life insurance policy may be sufficient for many individuals’ needs. However, as life circumstances change, the coverage offered by a term policy might no longer be enough.
Not only can life insurance help protect a family’s financial well-being, but a permanent policy can also provide an opportunity to grow cash value and potentially create an income stream to help supplement your retirement income plan.
Compound interest is a tool for growing savings and building wealth. Because various options exist, understanding how compound interest works could be helpful for choosing the right account to match your goals and maximize savings growth.
Starting on a new career path can be a thrilling and busy time full of new routines, expectations, and responsibilities. Whether you’re stepping into a different role or changing your profession completely, there are likely financial changes to be prepared for to ensure a smooth transition.
Deciding how much life insurance you need is unique to each person, but there are several factors that can help you estimate the amount of coverage that can best meet your goals.
A beneficiary receives assets if you die while the policy is still active. But deciding who gets your money isn’t always just a matter of selecting a person. Your policy rules and state laws may affect or even restrict your choices.
